Vital Battery Metals Enters Option to Acquire 100% of the Sting Copper Project

August 24, 2022

Vital Battery Metals Inc. has entered into an option agreement to acquire a 100% interest in the Sting Copper Project, a ~30.6 km² land package located about 14 km south of Trout River in Newfoundland and Labrador, Canada. Under the agreement Vital will pay CAD 90,000, issue 5,000,000 common shares and complete staged exploration expenditures; the optionors retain a 2% NSR (with Vital able to buy 1% for CAD 1.5 million).

Buyers
Vital Battery Metals Inc.
Targets
Sting Copper Project
Sellers
Optionors (unnamed)
Industry
Energy
Location
Newfoundland and Labrador, Canada
Transaction Type
Buyout

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